EMEA News
Soft Mid Week Bunker Prices in EMEA Region
Mid-week EMEA bunker prices were mostly soft, although Ship & Bunker data showed distillates had more mixed movements in the region. Rotterdam, Fujairah, Istanbul, and Piraeus all saw IFO380 fall for a second consecutive day.
Rotterdam IFO380 slipped $1.00 to $614.50 per metric tonne (pmt), down $5.00 week-on-week, and increasing $32.50 since December 24, 2012. Low sulfur 380 cSt product (LS380) moved up $3.50 to $645.00 making the premium for the Emissions Control Area (ECA) compliant fuel $30.50 pmt. MGO climbed $1.00 to $951.50 pmt, $0.50 higher than last Wednesday.
Fujairah IFO380 slipped $3.50 to $620.00 pmt, $2.50 up from this time last week, and $15.50 higher month-on-month. MGO in Fujairah slipped $2.50 to $996.50 pmt, $2.00 higher week-on-week, and continuing to trend down losing $11.50 month-on-month.
Istanbul IFO380 slipped $2.00 to $653.50 pmt, up $2.50 since last Wednesday, and an increase of $34.00 since December 24, 2012. MGO in the port moved up $5.00 to $1025.00 pmt, rising $5.00 week-on-week, and $33.50 since this time last month.
Piraeus IFO380 moved down $4.00 to $635.00 pmt, the same price as last Wednesday, and a $33.00 increase month-on-month. LS380 slipped $2.00 to $711.00 making the premium for the low sulfur fuel $76.00 pmt. MGO moved up for a third consecutive day gaining $2.00 to $992.50 pmt, rising $1.00 week-on-week.
